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Irish Property Market chat II - *read mod note post #1 before posting*

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Comments

  • #27152
    Villa05
    Registered Users, Registered Users 2 Posts: 4,867 ✭✭✭Villa05


    https://www.boards.ie/discussion/comment/123334066#Comment_123334066

    the infamous black swan turned out to be orange with a visi vest doing exactly what he promised to do

    What could be more unusual than a politician doing exactly what they promised



  • #27153
    Villa05
    Registered Users, Registered Users 2 Posts: 4,867 ✭✭✭Villa05


    https://www.boards.ie/discussion/comment/123334921#Comment_123334921

    Jaysus, did my post mark the bottom exactly :-)



  • #27154
    timmyntc
    Registered Users, Registered Users 2 Posts: 7,611 ✭✭✭timmyntc


    https://www.businesspost.ie/news/national-planning-framework-local-councils-to-be-told-rezone-more-land-for-housing-by-years-end/?utm_source=latestnews&utm_medium=homepage

    Hard to see what zoning more land will accomplish - we are not coming close to using up our existing zoned residential lands. Likely this will just mean more sprawl - more land zoned further out, and this land gets developed first as its cheaper, and then the inner zoned lands become harder to develop because price rises.



  • #27155
    spillit67
    Registered Users, Registered Users 2 Posts: 1,242 ✭✭✭spillit67


    https://www.boards.ie/discussion/comment/123337407#Comment_123337407

    It's the opposite. The NPF encourages sprawl.



  • #27156
    GiftofGab
    Registered Users, Registered Users 2 Posts: 2,494 ✭✭✭GiftofGab


    ImcIncredibly disappointed. Lost out on a bidding war today. House was purchased in 2011 for €178k, an identical neighbours house sold in Oct for €470k, another neighbours sold in Feb for €475k. The current bid for the property is €526k and still rising. What the hell is going on??



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  • #27157
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 20,207 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/123341924#Comment_123341924

    I cannot understand why people refer back to prices between 2010 to 2014 as if these were realistic house prices. Even up to 2018 there were houses been bought well below building costs.

    Unfortunately we have a housing deficit. We probably need 150k more houses than are build at present. We seem to struggle build more than 30-35k/ year. Building regulations have driven building costs crazy.

    Slava Ukrainii



  • #27158
    J Mysterio
    Registered Users, Registered Users 2 Posts: 11,188 ✭✭✭✭J Mysterio


    https://www.boards.ie/discussion/comment/123342619#Comment_123342619

    He referred to neighbouring houses sold recently. Have some empathy



  • #27159
    cute geoge
    Registered Users, Registered Users 2 Posts: 3,312 ✭✭✭cute geoge


    https://www.boards.ie/discussion/comment/123341924#Comment_123341924

    The neighbouring houses sold last August and last Feburary may have been purchased good few months prior to they appearing on ppr but no consolation to you

    . All you can do is go as far as your limit will stretch to and hopefully it will all fall into place for you.



  • #27160
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 20,207 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/123342628#Comment_123342628

    Empathy and farming are incompatible bedfellows, the same can be said about it when buying houses

    The truth can be exceedingly bitter, however it's still the truth

    Slava Ukrainii



  • #27161
    ted1
    Registered Users, Registered Users 2 Posts: 24,267 ✭✭✭✭ted1


    https://www.boards.ie/discussion/comment/123341924#Comment_123341924

    historical prices are totally irrelevant


    neighbouring houses can vary significantly. They can be in different state. Some might have modern kitchens, bathrooms, some might be completed dated


    they may have different orientation, gardens et



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  • #27162
    Villa05
    Registered Users, Registered Users 2 Posts: 4,867 ✭✭✭Villa05


    https://www.boards.ie/discussion/comment/123342619#Comment_123342619

    The definition of dysfunction. All hail our knowledge economy



  • #27163
    hometruths
    Registered Users, Subscribers, Registered Users 2 Posts: 6,657 ✭✭✭hometruths


    Development in Killiney in the news because U2 connections were among the 37 local objections to the planning application to build four houses in the grounds of period house in on Killiney Hill Road.

    I remember the merits and the price of the property in question being discussed here a few years ago when it was for sale, and one thing that was generally agreed on was it was lovely to have almost 5 acres of privacy in Killiney but whilst always premium property and priced accordingly it would never be worth mega mega bucks because you wouldn't have a hope in hell of getting any planning to develop it, architectural conservation area, destroying the unique character of the surroundings etc etc.

    Anyway, council refused the application, but for surprising reasons, the application was for too few houses!

    The Council has refused planning permission not due to objectors’ grounds over loss of privacy, overshadowing, negative visual impact and impact on the local character of the area.

    Instead, the Council has refused planning on the sole ground that Covelo Developments Ltd didn’t plan more residential units for the site which leaves the door open for Covelo to lodge revised plans for a scheme in excess of four units.

    In its formal refusal the Council stated that notwithstanding the site sensitivities and constraints, it considers that the provision of four units on the site “would represent underdevelopment of an accessible site with convenient access to frequent public transport services via Killiney DART Station and facilities in the nearby neighbourhood centre”.

    Couple this with comments from Jack Chambers yesterday:

    Asked about his criticism of objections grounded on the character of the area, an objection frequently used in established neighbourhoods in relation to new developments, he said: “An area absolutely can have a character, but to think that an area doesn’t accept more housing when people have existing housing, I don’t think it impedes the character of an area.

    “I think new people living in an area enhances the diversity and character of an area. The fact that people think they have a veto on more people living around them [reflects] a mindset that has to change.

    I think the signs are the government are finally going to get serious on housing delivery and are pulling any levers they can, including pressure on councils to abandon rip up long held existing practices, beliefs and development plans, and prioritise delivery at all cost.

    https://www.breakingnews.ie/ireland/ali-hewson-wins-planning-battle-over-killiney-luxury-house-scheme-1752460.html

    https://www.irishtimes.com/politics/2025/04/16/jack-chambers-criticises-people-who-object-to-housing-on-basis-it-affects-their-areas-character/



  • #27164
    magicbastarder
    Moderators, Category Moderators, Arts Moderators, Sports Moderators Posts: 52,337 CMod ✭✭✭✭magicbastarder


    My wife was saying that she read that some auctioneers now charge massive extra commission on any sales above asking price; 1% commission up to the asking price and then 10% on anything over in the example given I think. So for example, a house asking 500k, selling for 700k would incur a commission of 5k + 20k.

    Is that true?



  • #27165
    spockety
    Moderators, Education Moderators Posts: 5,577 Mod ✭✭✭✭spockety


    https://www.boards.ie/discussion/comment/123367963#Comment_123367963

    That would result in a huge conflict of interest when they do the valuation for sale.



  • #27166
    magicbastarder
    Moderators, Category Moderators, Arts Moderators, Sports Moderators Posts: 52,337 CMod ✭✭✭✭magicbastarder


    exactly.

    to clarify - it seems someone sent this claim in to the crazy house prices chap (the person who sent it in claimed these were the terms of the EA selling hiw mother in law's house)

    this seems to have been following on from a question about how some houses sell for way more than the asking. AFAIK he's asked for feedback as to whether other people know of this practice, and how widespread it might be - so it could just be a one off, even if true?



  • #27167
    ted1
    Registered Users, Registered Users 2 Posts: 24,267 ✭✭✭✭ted1


    ^^ this


    many agents wouldn’t try it because they lower the asking price to get people into bid.

    They always give the selller an expected sale price.



  • #27168
    hometruths
    Registered Users, Subscribers, Registered Users 2 Posts: 6,657 ✭✭✭hometruths


    https://www.boards.ie/discussion/comment/123368453#Comment_123368453

    I'd say it's total nonsense that this is a wide spread thing. Far more likely if the anecdote is true, it's a total chancer agent trying to take advantage of some sort of unique situation

    That's the kind of sales pitch that might have worked in 2011, i.e in a buyers market - it doesn't make any sense as a seller to agree to that in current market.

    Plenty of agents who aren't charging extra to sell at market value, any agent whose USP is to charge extra wouldn't last too long imo.



  • #27169
    Idbatterim
    Registered Users, Registered Users 2 Posts: 18,557 ✭✭✭✭Idbatterim


    This airbnb banning in towns of over ten thousand is comedy! It will bring around ... wait for it... ten thousand extra homes for long term let's... 10,000 lol. Meanwhile on a colossal brownfield land bank a few km from oconnell street, the council are planning mostly four floor apartment blocks...



  • #27170
    theboringfox
    Registered Users, Registered Users 2 Posts: 578 ✭✭✭theboringfox


    https://www.boards.ie/discussion/comment/123367963#Comment_123367963

    I have seen it but not linked to asking price. We had flat percentage selling but had discussed with agent a higher fee. House was put on market for say 400k. Expectation was it would make 450k-475k. We would have been over moon if agent delivered 475k. So to keep them motivated to do more viewings etc and market as best they could discussed higher fee if went over 500k. It would only be on that higher proportion and if it went that high then we are delighted. We decided go flat fee in the end as I felt if house does go that high itll be due to bidders going mad for it rather than anything agent did



  • #27171
    Viscount Aggro
    Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭Viscount Aggro


    Im new to the property market in Ireland.

    What's the current trend, based on the following scenario...

    Buying a detached house, rural location .. Carlow, Kildare.

    Asking price of 500k.

    Is it still likely to go 10% above asking price? What's the best strategy to take on this?

    I am not in a chain.



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  • #27172
    BlueSkyDreams
    Registered Users, Registered Users 2 Posts: 5,074 ✭✭✭BlueSkyDreams


    https://www.boards.ie/discussion/comment/123369661#Comment_123369661

    We need more dense developlents in the city.

    AirBNB plays its part in supporting tourism and business.

    If we are going to tale hotels out of the market for IPAs, we should not ban AirBNB at the same time and expect to see a functioning leisure and business travel market.



  • #27173
    mrslancaster
    Registered Users, Registered Users 2 Posts: 2,142 ✭✭✭mrslancaster


    https://www.boards.ie/discussion/comment/123369661#Comment_123369661

    New report from ESRI saying Airbnbs are not the root cause of the shortage in rental accommodation.

    https://www.rte.ie/news/business/2025/0425/1509328-airbnb-esri/



  • #27174
    Idbatterim
    Registered Users, Registered Users 2 Posts: 18,557 ✭✭✭✭Idbatterim


    I agree! Government at every level blocking development as much as possible. Insosying on low density and outrageous apartmemt construction costs, is the real problem...



  • #27175
    feelings
    Registered Users, Registered Users 2 Posts: 604 ✭✭✭feelings


    I see hundreds of houses under construction in north Dublin. Everywhere I look, I see large housing estates being built.

    Yet there are still very long delays to get houses connected to electricity and water supplies.

    Many years ago, we waited months for both electricity and water to be connected. House sat finished for months, but delay after delay. We were renting and kept having to push out our move out date Thankfully the landlord was understanding.

    Seems nothing has changed and there are still huge delays in connecting services. Why is more pressure not being put on ESB networks and Irish Water to get the houses connected faster?

    Darragh O'Brien was housing minister for five years. And the housing crisis is worse than ever. Does he think he did a good job? You didn't Darragh.
    Edit: And I just realised he's now minister of Transport. Jays, failing up is it? 😡

    Post edited by feelings on


  • #27176
    Blut2
    Registered Users, Registered Users 2 Posts: 3,289 ✭✭✭Blut2


    number-of-houses-per-1000-residents-in-ireland-and-other-v0-lob8fcgg7xxe1.jpg

    What happens when we have both out of control population growth, and not enough building, at the same time.

    And the figure for 2025 will be even worse, given our accelerated yearly population growth since 2022 and flatlining home delivery figures.



  • #27177
    Villa05
    Registered Users, Registered Users 2 Posts: 4,867 ✭✭✭Villa05


    Somebody thought it was a good idea to appoint the wolf to care for the hen house with a 430k salary

    This is why housing will always be dysfuntional

    https://www.ontheditch.com/nama-chief-charging-tourists/


  • #27178
    DataDude
    Registered Users, Registered Users 2 Posts: 1,569 ✭✭✭DataDude


    https://www.boards.ie/discussion/comment/123411524#Comment_123411524

    I agree, but for different reasons.

    Don’t know anything about the fella but the salary on offer is nothing relative to the responsibility. Witch hunt for the guy linked to it with absolute garbage such as that article.

    Salary will be reduced. Some clown will take it. The competent people who could actually make a difference will stay in the private sector with salary’s a multiple of that on offer here with none of the public drama. Shame



  • #27179
    herbalplants
    Registered Users, Registered Users 2 Posts: 1,450 ✭✭✭herbalplants


    https://www.boards.ie/discussion/comment/123411524#Comment_123411524

    Donald Trump salary is USD 400k but this Tsar should be paid more. I think it is a farce.

    Remember the shills only get paid when you react to them.



  • #27180
    hometruths
    Registered Users, Subscribers, Registered Users 2 Posts: 6,657 ✭✭✭hometruths


    https://www.boards.ie/discussion/comment/123412176#Comment_123412176

    This latest row encapsulates why housing is in such a state in Ireland - it's all too political.

    Removing some of the politics from the problem by appointing this person and establishing this office was one of the first positive ideas for a long time. I'd happily support paying the right person multiples of 430k if they could get a grip on the situation.

    Adding up all the government supports and interventions for housing we're spending the guts of 10 billion a year on housing. Paying 430k to somebody to try and sort the problem is nothing in the context of this. It's peanuts.

    But once the salary became an issue in the headlines, the opposition jumped on it purely for political reasons, and then FG veteo'd it purely for political reasons.

    Absolutely nothing to do with genuine concerns about the money or a genuine desire to fix the problems.

    It's disgraceful, but if they are all at it, nothing will change.



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  • #27181
    DataDude
    Registered Users, Registered Users 2 Posts: 1,569 ✭✭✭DataDude


    https://www.boards.ie/discussion/comment/123412683#Comment_123412683

    Spot on. It’s the public fault. Politicians just dance to the tune of public sentiment.

    We’re destined to either have power seeking loons or under qualified people in key roles because no chance could the public swallow someone being paid a decent salary to reflect the task at hand…that would be a greater sin than the crisis itself…meanwhile the CFO of Cairn homes made €1.7m last year and didn’t have ‘The Ditch’ digging up absurd nonsense on him.

    Same crew that will bemoan the fact that all politicians are rubbish but we should reduce the salary.



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